ad

Mortgage with bad credit

J

Jen89

New Member
Morning,
I'm just looking for some advice! Me and my partner are looking to buy a house in the next few years. For the next 12 months we're going to paying debts off, then we aim to save for 2 years (roughly between £1000 - 1500 per month) We both have very poor credit which we aim to Improve over the next year by becoming debt free. We understand we most likely have to get a mortgage from a lender that isn't on the High Street. Can anyone offer any advice to you us? Are we likely to be successful with our plan? TIA.
 
2

2caltot

New Member
I agree you want to stay debt free ahead of this big step. I had to consolidate my debt to get my credit rating improved for a proper mortgage rate. I used (moderated)
 
Last edited by a moderator:
M

MechJony

New Member
If you have a terrible or a weak credit score, lenders may reject your mortgage application, although some non-conforming lenders are more accommodating. Missed payments, unpaid obligations, and owing too much money are all reasons that contribute to bad credit. It's a stumbling barrier in the way of getting a mortgage. I am a bad creditor as well, but uplyftcapital.com offers credits for bad creditors, and I used this opportunity. You can do so as well, their service is very good.
 
D

Dora Wi

Member
Paying off debts and saving up sounds like a good idea, and I think if you choose the lender carefully, it could work. Also make sure that you can show proof of consistent employment or business activity income.
 
S

ScotJohns

New Member
If you have a terrible or a weak credit score, lenders may reject your mortgage application, although some non-conforming lenders are more accommodating. Missed payments, unpaid obligations, and owing too much money are all reasons that contribute to bad credit. It's a stumbling barrier in the way of getting a mortgage. I am a bad creditor as well, but uplyftcapital.com offers credits for bad creditors, and I used this opportunity. You can do so as well, their service is very good.
 
Top